OPEN SPACE
Imminent development at the San Marcos Foothills Preserve has spurred efforts to raise $5.5 million, which proponents hope is enough to buy the 104-acre property from the developer.
·················
·················
FIRST LOOK
Check out the interior and the menu for Salty at the Beach, a new harborside restaurant opening this week. (Photo by Matt Dayka.)
·················
BURNING QUESTIONS
“I’ve always wondered about the graffitied house on the bluff above Summerland Beach,” asks T. “Any insight? Pretty odd for it to be standing for all of these years.” It’s the subject of a long, ongoing legal battle.
·················
FOOD STUFF
••• Coast & Olive is temporarily closed due to a small fire.
••• Aperitivo wine bar is getting closer to opening.
••• First look at the Venus in Furs food menu.
••• An update on Better Burrito.
••• Oat Bakery’s “better, cleaner, crispier” cheese crackers.
••• Mysterious Jules Montecito promises caviar, cheese, and chocolate.
→ Read the post.
·················
NEWS ROUNDUP
••• The county is now urging everyone to get tested for Covid-19.
••• The Los Padres National Forest closure has been extended (above).
••• Westerlay Orchids donation to Carp students.
••• Western Goleta fire station gets the go-ahead.
••• More on the school-board candidates.
→ Read the post.
·················
Please forward this to anyone who might enjoy it. Click here to subscribe.
·················
Recent Comments
Don’t ignore the opportunity costs of looking for other deals. Not only do you risk losing this deal, there’s no guarantee another deal would be… — LD
Exactly, Christian. Very well said. This project is needed, right now. — Gail
This modest project— the addition of one mile of siding— has the potential to greatly improve the reliability of the Surfliner, and make it more… — Gail
Bottom line: there is an established process for these types of transactions that is designed to make sure the community residents get the best deal… — SBradley
I think development is just such a different animal. I've worked a little bit with very experienced developers. People who ONLY do RE development. They… — John
John: I think we should keep in mind that Yardi is a software company that sells software *and data* for *real estate property management*. The… — SBradley
Though Yardi is a commercial software developer, real development is much riskier. That business has moats, history, customer lock in and competitive advantages. Redevelopment and… — John
You should remember that where you're sitting right now used to be a tree, a field, or open land at some point. You benefit every… — Tony Machado
It is kind of complex to tease out who bears the risks and benefits in these projects that have public and private parties involved. I… — SBradley
Very interesting. If Yardi is paying anywhere near $120M + $35M + $5.7M for almost 250k empty square feet, this is going to take a… — NuemanJ